The markets are holding their breath, keenly awaiting President Cyril Ramaphosa’s cabinet appointments — too much deadwood and the rand will gap further above R18/$, but if there is a shift towards more competent appointments, the currency could strengthen all the way to R17/$.

Recent market moves have been quick and significant, with the rand improving from just above R19/$ prior to the formation of the government of national unity (GNU) to just below R18/$ last week — a level it last reached in July 2023...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.